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Question: Productivity is a concern. For each employee, you have data on productivity as well as other factors. You want to know how much these factors explain about the variation in productivity from one employee to another. Identify the Y variable, the X variables, and the appropriate statistic or test.
Compute the firm's optimal levels of period-1 investment and period-2 profits. State the maximization problem of the representative household.
Draw graphs showing a perfectly competitive firm and industry in long-run equilibrium. How do you know that the industry is in long run equilibrium?
Analyze the different stakeholders that are involved in the externality, and identify what their roles are with regard to the externality.
Suppose that Erin spend her incomes on two goods, food (X) and clothing (Y), and that her utility function is given by U(X,Y)=.20X2Y2 (The marginal utility for X is .40XY2 and that for Y is .40X2Y ). The prices of food and clothing are $10 and $20 fo..
1. Suppose inputs are only substitutable at two units of labor for every one unit of capital, and one unit of output is produced for every unit of labor or ½ unit of capital. What would be the equation for the production function? What is the ..
How might government policy respond to the redistributive impacts that immigration brings about? Why do governments often restrict immigration to areas where there is a shortage of skilled workers?
The budget deficit or surplus is called "Deficit or Surplus with Automatic Stabilizers" and the cyclically adjusted deficit or surplus is called "Deficit or Surplus without Automatic Stabilizers." Briefly explain why the CBO uses these labels.
If P=100 - 2Q, and P=80, what is the point elasticity?You sell bracelets online. The demand for these bracelets is:P=120 - 2Q
An investor with assets of $10,000 has an opportunity to invest $5,000 in a venture that is equally likely to pay either $15,000 or nothing.
What is the best decision criteria? The IRR of a project is 10%. What is the project's NPV if alternative investments have a 10% return?
How do you perceive other people around you? What do you do when your perception on people is different than others? How do you perceive yourself as? How do you think other people perceive you?
Analyzing Macroeconomic Events (Monetary Policy) with the IS Curve. Consider the following changes in the Macro economy. Show how to think about them using the IS curve graph and explain how and why GDP is affected in the short run.
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